$3,550,000
$3,250,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
2,505 SqFt
SOLD DATE : 05/24/2022
Key Details
Sold Price $3,550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,505 sqft
Price per Sqft $1,417
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID NP22077296
Sold Date 05/24/22
Bedrooms 7
Full Baths 2
Three Quarter Bath 2
HOA Y/N No
Year Built 1945
Lot Size 2,613 Sqft
Property Description
Fantastic 7-bedroom, 4-bath Bay-View Duplex, just five doors from the South Bayfront in the beautiful 100 block of Diamond Avenue. The 3-bedroom, 2-bath first level unit has a Short Term Lodging Permit for use as a vacation rental. It offers an inviting living room with fireplace, breakfast nook with built-in seating, galley kitchen, and an idyllic tree-shaded front patio with Bay view. The second level unit provides 4 bedrooms and 2 baths, a spacious living room with fireplace, galley kitchen, dining area that looks out to the Bay, and a sunny rear patio off the primary suite. Both units have private indoor laundry areas adjacent to the kitchen, and the open carport in the rear can house 3 cars. Units with licensed vacation rentals in prime locations like 117 Diamond seldom come on the market and are a great investment opportunity; live in one unit and rent the other. This home will sell quickly!
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Zoning R 1.5
Rooms
Main Level Bedrooms 3
Interior
Interior Features Bedroom on Main Level, Jack and Jill Bath, Main Level Primary, Multiple Primary Suites, Walk-In Closet(s)
Heating Central, Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Closet
Exterior
Carport Spaces 3
Pool None
Community Features Biking, Curbs, Fishing, Park, Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N Yes
View Bay
Accessibility Safe Emergency Egress from Home
Porch Rear Porch, Brick, Enclosed
Total Parking Spaces 3
Private Pool No
Building
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Architectural Style Cape Cod, Patio Home
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 05010219
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Donald Abrams • Abrams Coastal Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "